The CRIZAC problem is concluded today for the public subscription. The IPO of the B2B education platform for agents and worldwide higher education institutions go in a strong tone on the last day, because it is subscribed 2.75 times.
The first public offer, with a price band of £ 233-245, received bids for 7.09 crore shares, against 2.58 crore shares that are offered. The IPO focuses on £ 860 crore that is fully an offer for sale by promoters Pinky Agarwal and Manish Agarwal. Investors can offer at least 61 stock shares and in multiples of 61 shares afterwards.
The offer is made through the book construction process, where no more than 50 percent of the new number will be available for qualified institutional buyers (QIBS), up to 15 percent available for non-institutional investors and 35 percent for retail investors. Niis became more aggressive on the day of day, because their reserved quota saw the subscription of 6.28 times, followed by the part with the retail trade that was subscribed to 2.72 times. The quota for QIBS has so far subscribed 0.15 times.
As part of the IPO process, CRIZAC has collected £ 258 crore from anchor investors by allocating 1.05,30,612 shares at £ 245 per share.
Some of the Marquee Institutions that Participated in The Anchor Include Societe Generale, Pinebridge Global Funds, Shamyak Investment Private Limited (ENAM Group), AryabhaTa India Fund (Abaccus Group), Ecici Fundentian, Allianz, Allianz, Allianz, Allianz, Allianzaaal, Allianzaaal, Allianzal, Allianzal, Allianzal, Allianzal, Allianzal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzal, Allianzal, Allianzal, Allianzal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaal, Allianzaalkaal, Allianzaalkaal, Allianzalaaalally 360 One Equity Opportunity Fund, Motilal Oswal MF, Bandhan MF, Axis Max Life Insurance and Kotak Mahindra Life Insurance.
Global Institutions for Higher Education with which CRIZAC has collaborated include the University of Birmingham, University of Surrey, University of Sunderland, Nottingham Trent University, University of Greenwich, University of West London, University of Portsmouth, De Montfort University, Dunedonste, Dunedonste, Dunedone, Dunedalke, Dunedalke, Dunedalke, Dunedalke, Dunedalke, Dunedalke, Dunedalk: Covedry University.
Crizac is based in India with co-primary operations in London. Moreover, it has consultants in several countries, including Cameroon, China, Ghana and Kenya. On March 31, 2025 it had a team of 368 employees and 12 consultants.
Equirus Capital PVT LTD and Anand Rathi Advisors LTD are the book runners, and MUFG Intime India Private LTD is the registrar of the issue.
Published on July 4, 2025
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